NJR Stock Analysis: NewJersey Resources | NYSE
Utilities - Regulated Gas | NYSE, USA | Market Cap: 5.984m USD | 12M Return: 32.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 41.7M
EPS Trend: 69.2%
Qual. Beats: 2
Rev. Trend: 35.0%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
New Jersey Resources Corporation (NJR) is a Wall, New Jersey-based energy services holding company founded in 1922 that distributes natural gas and operates across four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. Its regulated Natural Gas Distribution segment serves residential and commercial customers in six New Jersey counties, while the non-regulated Clean Energy Ventures segment owns and operates commercial and residential solar projects across the Northeast and Midwest.
Beyond gas distribution and solar, the company maintains wholesale and retail energy marketing operations, energy-related venture investments, and a home services business offering HVAC, appliance, electrical, generator, and plumbing services. As a Gas Utilities company within the broader Utilities sector, NJR combines a rate-regulated local distribution monopoly with unregulated clean energy and energy services activities, a structure typical of diversified U.S. utility holding companies that pair stable regulated rate base growth with merchant and renewables exposure.
- Rate case outcomes determine allowed ROE on NJ distribution
- Clean Energy Ventures expands solar portfolio across multiple states
- Wholesale natural gas price volatility swings Energy Services margins
| Net Income: 341.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA -0.78 > 1.0 |
| NWC/Revenue: -2.11% < 20% (prev -2.62%; Δ 0.51% < -1%) |
| CFO/TA 0.08 > 3% & CFO 644.0m > Net Income 341.4m |
| Net Debt (3.81b) to EBITDA (762.8m): 4.99 < 3 |
| Current Ratio: 0.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (101.5m) vs 12m ago 0.54% < -2% |
| Gross Margin: 27.78% > 18% (prev 26.56%; Δ 1.22% > 0.5%) |
| Asset Turnover: 29.07% > 50% (prev 28.05%; Δ 1.02% > 0%) |
| Interest Coverage Ratio: 4.27 > 6 (EBIT TTM 567.6m / Interest Expense TTM 132.8m) |
| A: -0.01 (Total Current Assets 730.3m - Total Current Liabilities 777.0m) / Total Assets 7.94b |
| B: 0.21 (Retained Earnings 1.70b / Total Assets 7.94b) |
| C: 0.07 (EBIT TTM 567.6m / Avg Total Assets 7.60b) |
| D: 0.50 (Book Value of Equity 2.65b / Total Liabilities 5.29b) |
| Altman-Z'' = 1.68 = BB |
| DSRI: 0.95 (Receivables 357.6m/346.7m, Revenue 2.21b/2.04b) |
| GMI: 0.96 (GM 26.56% / 27.78%) |
| AQI: 0.98 (AQ_t 0.12 / AQ_t-1 0.12) |
| SGI: 1.08 (Revenue 2.21b / 2.04b) |
| TATA: -0.04 (NI 341.4m - CFO 644.0m) / TA 7.94b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of July 19, 2026, the stock is trading at USD 58.60 with a total of 627,642 shares traded. Over the past week, the price has changed by +0.39%, over one month by +6.01%, over three months by +6.16% and over the past year by +32.94%.
Current recommended Stop Loss: 56.70 (which is 3.2% or 1.5 ATR below the current price).
NewJersey Resources has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy NJR.
- StrongBuy: 3
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 60 | 2.4% |
P/E Trailing = 17.1855
P/E Forward = 16.5563
P/S = 2.7457
P/B = 2.2066
P/EG = 2.2359
Revenue TTM = 2.21b USD
EBIT TTM = 567.6m USD
EBITDA TTM = 762.8m USD
Long Term Debt = 3.28b USD (from longTermDebt, last quarter)
Short Term Debt = 319.8m USD (from shortTermDebt, last quarter)
Debt = 3.93b USD (from shortLongTermDebtTotal, last quarter) + Leases 168.2m
Net Debt = 3.81b USD (calculated: Debt 3.93b - CCE 125.3m)
Enterprise Value = 9.79b USD (5.98b + Debt 3.93b - CCE 125.3m)
Interest Coverage Ratio = 4.27 (Ebit TTM 567.6m / Interest Expense TTM 132.8m)
EV/FCF = -63.10x (Enterprise Value 9.79b / FCF TTM -155.2m)
FCF Yield = -1.58% (FCF TTM -155.2m / Enterprise Value 9.79b)
FCF Margin = -7.02% (FCF TTM -155.2m / Revenue TTM 2.21b)
Net Margin = 15.45% (Net Income TTM 341.4m / Revenue TTM 2.21b)
Gross Margin = 27.78% ((Revenue TTM 2.21b - Cost of Revenue TTM 1.60b) / Revenue TTM)
Gross Margin QoQ = 32.04% (prev 43.38%)
Tobins Q-Ratio = 1.23 (Enterprise Value 9.79b / Total Assets 7.94b)
Interest Expense / Debt = 3.38% (Interest Expense 132.8m / Debt 3.93b)
Taxrate = 22.37% (98.4m / 439.8m)
NOPAT = 440.6m (EBIT 567.6m * (1 - 22.37%))
Current Ratio = 0.94 (Total Current Assets 730.3m / Total Current Liabilities 777.0m)
Debt / Equity = 1.48 (Debt 3.93b / totalStockholderEquity, last quarter 2.65b)
Debt / EBITDA = 4.99 (Net Debt 3.81b / EBITDA 762.8m)
Debt / FCF = -24.54 (negative FCF - burning cash) (Net Debt 3.81b / FCF TTM -155.2m)
Total Stockholder Equity = 2.48b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.49% (Net Income 341.4m / Total Assets 7.94b)
RoE = 13.74% (Net Income TTM 341.4m / Total Stockholder Equity 2.48b)
RoCE = 9.84% (EBIT 567.6m / Capital Employed (Equity 2.48b + L.T.Debt 3.28b))
RoIC = 5.97% (NOPAT 440.6m / Invested Capital 7.38b)
WACC = 4.50% (E(5.98b)/V(9.92b) * Re(5.74%) + D(3.93b)/V(9.92b) * Rd(3.38%) * (1-Tc(0.22)))
Discount Rate = 5.74% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.45 | Cagr: 1.31%
[DCF] Fair Price = unknown (Cash Flow -155.2m)
EPS Correlation: 69.23 | EPS CAGR: 15.38% | SUE: 2.89 | # QB: 2
Revenue Correlation: 35.03 | Revenue CAGR: 4.55% | SUE: 0.77 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.07 | Chg30d=N/A | Revisions=+25% | Analysts=4
EPS current Year (2026-09-30): EPS=3.54 | Chg30d=+1.49% | Revisions=+17% | GrowthEPS=+7.6% | GrowthRev=+8.2%
EPS next Year (2027-09-30): EPS=3.48 | Chg30d=+0.83% | Revisions=-40% | GrowthEPS=-1.7% | GrowthRev=+1.9%
[Analyst] Revisions Ratio: +0% (up=3, down=3)